{"id":1029607,"date":"2022-07-05T06:20:18","date_gmt":"2022-07-05T10:20:18","guid":{"rendered":"https:\/\/www.prime-wow.com\/?p=1029607"},"modified":"2022-07-05T06:20:18","modified_gmt":"2022-07-05T10:20:18","slug":"geely-buys-majority-stake-in-troubled-phone-maker-meizu","status":"publish","type":"post","link":"https:\/\/www.prime-wow.com\/?p=1029607","title":{"rendered":"Geely buys majority stake in troubled phone maker Meizu"},"content":{"rendered":"

Chinese car giant Geely<\/a> has purchased a majority stake in the now-small smartphone maker Meizu. Bloomberg<\/em><\/a> reports that Meizu will be run as an independent company under Xingli Technology, another tech brand under Geely\u2019s umbrella. That said, the pair are expected to work together on new products, and Xingli has already expressed plans to make a big splash in the AR\/VR space.<\/p>\n

If you\u2019ve been reading Engadget for long enough, you\u2019ll have likely seen Meizu\u2019s early rise<\/a> at the dawn of the smartphone boom<\/a>. Unfortunately, it found its lunch being eaten by other Chinese upstarts, including Xiaomi, and wound up remaining a small player. Back in 2015, Alibaba decided to take a stake<\/a> in the company just as it found itself distracted by various boondoggles, including the baffling-in-retrospect decision to build phones with Ubuntu<\/a>.<\/p>\n

<\/p>\n

Geely, meanwhile, is perhaps best known in the West as the controlling owner of Volvo, Polestar and Lotus, all of which have been pushed towards electrification. Of course, with cars becoming more like phones (and phones becoming such a crucial part of most cars) the idea of automakers buying in to the phone space makes plenty of sense. As Reuters<\/em><\/a> reports, both the mobile and car businesses are slowing down, and so deeper integration might be one way to corner the market.<\/p>\n


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\nSource: Engadget – Geely buys majority stake in troubled phone maker Meizu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Chinese car giant Geely has purchased a majority stake in the now-small smartphone maker Meizu. Bloomberg reports that Meizu will be run as an independent company under Xingli Technology, another tech brand under Geely\u2019s umbrella. That said, the pair are … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[99,110],"tags":[98],"class_list":["post-1029607","post","type-post","status-publish","format-standard","hentry","category-engadget","category-unfiltered-rss","tag-engadget"],"_links":{"self":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1029607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1029607"}],"version-history":[{"count":0,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1029607\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1029607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1029607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1029607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}